Carrefour is the first lessee of Korona mall din Brasov.
Echo Investment will start the construction of mall in the upcoming period.
In the first stage of the project, the space of 35,000 sqm was allocated to shops, service outlets, restaurants, entertainment area and a 7-screen cinema, while the next stage will provide additional 10,000 sqm of retail area. The clients will have minimum 1,500 parking places, the developer said in a statement.
“Currently, we are negotiating with the most important fashion brands. The investment is on the advanced level of the administrative process, and soon we are starting the talks concerning its financing,” according to Marcin Materny, the director of Shopping Centre Department, Foreign Projects in Echo Investment.
The shopping center is planned to be built in the first half of 2013, and completed in the fourth quarter of 2014.
“Judging by its population, spending power and existing shopping centers, Brasov is one of the few cities in Romania which is still underdeveloped in terms of modern retail stock,” added Andrei Vacaru, Head of Retail Consultancy at Jones Lang LaSalle, who acted as the advisor of Echo Investment in concluding this transaction.
Echo Investment is 40% controlled by Polish businessman Michal Solowow.